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A basic thing that any business must have—analysis. In most cases the analysis is an official document that includes planners and schedules, detailing all the processes for a project in the plans or improvement of what exists. Anything that fits under this umbrella of investigation and reporting and tracking falls under analysis writing.
If you have a business, you will do anything and everything to make sure it survives and prospers. The most successful businessmen tend to be hyper-vigilant to details, and so naturally you need this document—or the process, rather—of analysis in your business. But it’s easy to get sucked into the black hole of data. Remember that there are limitations to analysis. So gather only the appropriate data to analyze and inform your next actions. These examples will show you how it’s done.
An analysis as an official document, report, or research paper puts into writing the process of analysis.
Analysis as a process is when you take something large, multifaceted, and complex, and break it down into its components. You study or measure each component in order to determine several things. Depending on what you need to do the analysis for, you are either looking for insights into whether something is feasible (such as in a feasibility analysis), or in a business setting you are trying to understand a situation of possible risk, cost benefits, investments, sales, processes, etc.
In academic circles, literary analyses try to understand the parts of a work of literature, as you might have seen in countless analysis examples in PDF on the net.
All this goes toward understanding the whole system better. In business as in life, such understanding and insight is power.
Before you set out to write an analysis, have a clear idea of your end goal or motive for needing to analyze anything in the first place. Your purpose will inform what kind of analysis you should perform—as well as point you in the right direction of whether you require examples of, say, needs analyses.
This is the first and most important step. Next: gather data.
After you have purpose locked down, it’s a simple matter of looking for the appropriate examples of such completed analyses. How you go about collecting the data is largely determined by the systems you already have in place. Glancing through a few examples of the appropriate analysis report should hone your instinct for what kind of data to collect, and what is just a waste of time.
After you have collected your information, run them through whatever data-processing systems you have in place, even if it’s just you with a spreadsheet and calculator.
Your quantifiable findings should then be compiled and presented into official reports as those shown in these examples. In this step, you will need tools that take your data input and churn out graphs and charts for visual representations. Text is good, too, but not as easy to register at a glance than a multicolored pie chart or line graph.
Analysis and good business seems to go hand in hand. If you are planning to make it in the long run, you need to gather information about where you are and where you want to go, research about the advantages and disadvantages, collect information from the users or the people who will take over the services you offered.
Still, it is possible to go too far in the opposite direction. It is impossible to run a profitable business without analysis, but it is also possible to rely too much on analysis than is warranted.
Here are three major limitations of analysis that you must keep in mind in order to benefit from the practice without over-relying on it more than is due:
It takes a certain kind of audacity and courage to start a business. You must have an unrelenting trust in your gut instincts and intuition. At the same time, while this mind-set will help you get to market, it’s not always the best way to keep you there.
It’s easier than we think for people to get good business ideas. The genius is in the simplicity, often causing people to think of a successful new venture, I could have done that!
And yet it’s not so simple. This is why to get funding and venture your valuation, you need to conduct a financial analysis. Before that even comes to fruition, your business idea in the incubation stage often goes through a SWOT analysis to make sure there is place in your chosen market for your idea.
In all this and myriad other challenges in getting off the ground and staying afloat, analysis in various aspects of the business is a necessary task.
The best guideline you can have is actually some simple analysis examples of different kinds of analyses. These can tell you more about what you need to know than any single bullet list of dos and don’ts—and more accurate to boot. This is especially true since no one analysis is helpfully identical to another. Circumstances can render otherwise similar data into very different situations. This will merit very different kinds of analyses. Will you need a risk analysis or a SWOT analysis?
This is where your judgment comes in.
The 4 main principles to guide you in your task can be summed up as follows:
These guidelines underlie every kind of analysis; no matter the end form, the function is the same. As long as you get this, and have a host of analysis examples to refer to, you should have no problem.